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Inseego vs Lumentum: revenue, profit, margins and growth compared

Inseego brought in $166.2M of revenue in fiscal 2025, Lumentum $3B in fiscal 2026. Revenue changed by -13.1% at Inseego and +83.2% at Lumentum on the year before, so Lumentum grew faster. Inseego kept 0.5% of its revenue as net profit, Lumentum -230.1%. Free cash flow was $6.5M at Inseego and $300.1M at Lumentum.

Side by side, latest fiscal year

INSGLITE
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 27, 2026)
Revenue$166.2M$3B
Revenue growth-13.1%+83.2%
Net income$838K-$6.9B
Net margin0.5%-230.1%
Free cash flow$6.5M$300.1M
Free cash flow margin3.9%10.0%
Earnings per share (diluted)-$0.18-$92.96
Cash$24.9M$2B
Debtn/a$1.6B
Price to earningsn/an/a
Market value$61.7M$73.3B
Dividend yieldn/an/a
Rank by revenue in sector#36 of 51 · Telecommunications#16 of 51 · Telecommunications

Over the years

Revenue
INSG FY2018: $202.5MINSG FY2019: $219.5MINSG FY2020: $313.8MINSG FY2021: $262.4MINSG FY2022: $245.3MINSG FY2023: $167.3MINSG FY2024: $191.2MINSG FY2025: $166.2MLITE FY2019: $1.6BLITE FY2020: $1.7BLITE FY2021: $1.7BLITE FY2022: $1.7BLITE FY2023: $1.8BLITE FY2024: $1.4BLITE FY2025: $1.6BLITE FY2026: $3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
INSG $166.2MLITE $3B
Net income
INSG FY2018: -$8.1MINSG FY2019: -$40.1MINSG FY2020: -$111.2MINSG FY2021: -$48.1MINSG FY2022: -$68MINSG FY2023: -$46.2MINSG FY2024: $4.6MINSG FY2025: $838KLITE FY2019: -$36.4MLITE FY2020: $135.5MLITE FY2021: $397.3MLITE FY2022: $198.9MLITE FY2023: -$131.6MLITE FY2024: -$546.5MLITE FY2025: $25.9MLITE FY2026: -$6.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
INSG $838KLITE -$6.9B
Net margin
INSG FY2018: -4.0%INSG FY2019: -18.3%INSG FY2020: -35.4%INSG FY2021: -18.3%INSG FY2022: -27.7%INSG FY2023: -27.6%INSG FY2024: 2.4%INSG FY2025: 0.5%LITE FY2019: -2.3%LITE FY2020: 8.1%LITE FY2021: 22.8%LITE FY2022: 11.6%LITE FY2023: -7.4%LITE FY2024: -40.2%LITE FY2025: 1.6%LITE FY2026: -230.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
INSG 0.5%LITE -230.1%
Revenue growth
INSG FY2019: +8.4%INSG FY2020: +43.0%INSG FY2021: -16.4%INSG FY2022: -6.5%INSG FY2023: -31.8%INSG FY2024: +14.3%INSG FY2025: -13.1%LITE FY2020: +7.2%LITE FY2021: +3.8%LITE FY2022: -1.7%LITE FY2023: +3.2%LITE FY2024: -23.1%LITE FY2025: +21.0%LITE FY2026: +83.2%FY19FY20FY21FY22FY23FY24FY25FY26
INSG -13.1%LITE +83.2%
Free cash flow
INSG FY2018: -$3.1MINSG FY2019: -$24.6MINSG FY2020: $14.3MINSG FY2021: -$30.1MINSG FY2022: -$34.8MINSG FY2023: $5.7MINSG FY2024: $33.4MINSG FY2025: $6.5MLITE FY2019: $164.1MLITE FY2020: $438.3MLITE FY2021: $653.9MLITE FY2022: $368.1MLITE FY2023: $51.3MLITE FY2024: -$108.3MLITE FY2025: -$104.7MLITE FY2026: $300.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
INSG $6.5MLITE $300.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Inseego and Lumentum

Which is bigger by revenue, Inseego or Lumentum?

Lumentum is bigger by revenue: $3B in fiscal 2026, against $166.2M for Inseego in fiscal 2025.

Which keeps more of its revenue as profit, Inseego or Lumentum?

Inseego had a net margin of 0.5% in fiscal 2025; Lumentum had -230.1% in fiscal 2026.

Which grew revenue faster, Inseego or Lumentum?

In their latest fiscal years revenue changed by -13.1% at Inseego and +83.2% at Lumentum.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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